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Financial Sustainability

Local government plays a major role in the economic life of the State, managing over $10 billion worth of infrastructure and $8 billion worth of land and buildings. However councils also face a major challenge in funding infrastructure renewal and maintenance, and require funding and borrowing capacity to provide the support their communities need. Local government has access to one tax – council rates – and receives a small share of State and Federal funding. Financial sustainability is therefore a key area of focus for the sector, and the LGA’s Strategic Plan emphasizes working with member councils to increase sustainability as one of its key initiatives.